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Oil ends above $50 for first time
Light crude turns higher in late trading amid concerns of potential supply disruptions in Nigeria.
October 1, 2004: 3:21 PM EDT
NEW YORK (Reuters) - Oil prices closed above $50 a barrel for the first time Friday amid concern over possible conflict in Nigeria's oil-producing delta region, where a two-day truce between rebel militia and government forces seemed to be holding.
Light crude for November contract jumped 48 cents to settle at $50.12 a barrel on the New York Mercantile Exchange. The contract had hit a trading high of $50.47 Tuesday but fell back
http://money.cnn.com/2004/10/01/markets ... tm?cnn=yes
Oh boy more higher gas prices at the pump we can expect in the next few weeks.